Louisiana State Employees Retirement System Buys New Shares in Addus HomeCare Co. (NASDAQ:ADUS)

Louisiana State Employees Retirement System acquired a new stake in Addus HomeCare Co. (NASDAQ:ADUS - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 8,100 shares of the company's stock, valued at approximately $752,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. AE Wealth Management LLC acquired a new stake in shares of Addus HomeCare during the 3rd quarter worth approximately $469,000. SG Americas Securities LLC acquired a new stake in Addus HomeCare during the 3rd quarter worth $532,000. Exchange Traded Concepts LLC bought a new stake in shares of Addus HomeCare during the 3rd quarter valued at $1,209,000. Sheets Smith Wealth Management lifted its stake in shares of Addus HomeCare by 2.5% in the 3rd quarter. Sheets Smith Wealth Management now owns 6,892 shares of the company's stock valued at $587,000 after purchasing an additional 168 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Addus HomeCare by 19.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,278 shares of the company's stock worth $790,000 after purchasing an additional 1,528 shares during the last quarter. 95.35% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ADUS shares. Oppenheimer reiterated an "outperform" rating and issued a $118.00 price objective on shares of Addus HomeCare in a report on Tuesday, March 26th. Royal Bank of Canada reiterated an "outperform" rating and issued a $102.00 price target on shares of Addus HomeCare in a research report on Thursday, February 29th. William Blair reissued an "outperform" rating on shares of Addus HomeCare in a research note on Monday, February 5th. Finally, Barclays downgraded shares of Addus HomeCare from an "equal weight" rating to an "underweight" rating and set a $83.00 target price for the company. in a research note on Tuesday, April 23rd. One analyst has rated the stock with a sell rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $103.00.

Addus HomeCare Stock Up 3.1 %

Shares of ADUS traded up $2.84 on Friday, hitting $94.54. The company's stock had a trading volume of 205,950 shares, compared to its average volume of 133,520. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 24.62, a P/E/G ratio of 1.86 and a beta of 0.96. The firm's fifty day moving average price is $97.69 and its 200-day moving average price is $91.79. Addus HomeCare Co. has a fifty-two week low of $77.30 and a fifty-two week high of $114.97.

Addus HomeCare (NASDAQ:ADUS - Get Free Report) last issued its quarterly earnings results on Monday, February 26th. The company reported $1.21 EPS for the quarter, beating analysts' consensus estimates of $1.04 by $0.17. Addus HomeCare had a return on equity of 9.70% and a net margin of 5.91%. The company had revenue of $276.35 million for the quarter, compared to analyst estimates of $274.02 million. On average, equities research analysts expect that Addus HomeCare Co. will post 4.38 EPS for the current year.

Addus HomeCare Profile

Addus HomeCare Corporation, together with its subsidiaries, provides personal care services to elderly, chronically ill, disabled persons, and individuals who are at risk of hospitalization or institutionalization in the United States. The company operates through three segments: Personal Care, Hospice, and Home Health.